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Europe Labor Market: Difference between revisions
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== Wage Growth == | == Wage Growth == | ||
[[File:Screenshot 2023-07-07 121349.png|center|thumb|709x709px|https://ec.europa.eu/eurostat/documents/2995521/16975487/3-16062023-BP-EN.pdf/3ab53af9-23b2-978d-2a6d-1cf8a8fffbae#:~:text=In%20the%20euro%20area%2C%20wages,the%20first%20quarter%20of%202023.]] | |||
'''Q1 2023''' | |||
In the first quarter of 2023 the hourly '''labour costs rose by 5.0% in the euro area and by 5.3 % in the EU''', compared with the same quarter of the previous year.<ref>https://ec.europa.eu/eurostat/documents/2995521/16975487/3-16062023-BP-EN.pdf/3ab53af9-23b2-978d-2a6d-1cf8a8fffbae#:~:text=In%20the%20euro%20area%2C%20wages,the%20first%20quarter%20of%202023.</ref> | |||
* In the euro area, wages & salaries per hour worked increased by 4.6%, while the non-wage component rose by 6.2%. | |||
* In the euro area rose by 4.4% in the (mainly) non-business economy and by 5.2% in the business economy: +4.9% in industry, +4.1% in construction and +5.5% in services. | |||
== References == | |||